LONDON — Europe’s markets logged mostly modest rises Friday morning.
The CAC 40 in Paris, the DAX in Frankfurt and the FTSE MIB in Milan each advanced 0.1 percent to 4,993.68, 11,813.57 and 22,824.41, respectively. The FTSE 100 in London was flat at 6,763.39.
Reuters noted that the European Central Bank’s quantitative easing program, which began Monday, continued to have a positive effect on investor sentiment.
Fashion, luxury and retail stocks also had a largely positive start to the day.
Those that rose the most included Yoox Group, 2.6 percent to 22.16 euros; Moncler, 2 percent to 15.26 euros, and Gemfields, 1.5 percent to 0.51 pounds.
Among the fallers were Pandora, 1.6 percent to 617.50 Danish krone; Koovs, 1.1 percent to 1.30 pounds, and Tod’s, 4.3 percent to 93.20 euros.
The latter declined as Tod’s reported on Thursday a 10.6 percent drop in same-store sales for the first 10 weeks of 2015, along with a drop in its full-year net profits to 97.1 million euros, compared to 133.8 million euros in the previous year.
At 11:30 a.m. CET, the pound traded for $1.50, while the euro went for $1.06.